Former Dewey & LeBoeuf chairman Steven Davis has agreed to pay a $130,000 civil penalty in a settlement with the US Securities and Exchange Commission (SEC), according to newly filed court papers, the largest fine so far to come out of the SEC’s case against five leaders of the now-defunct firm.

The SEC filed court papers on 31 August laying out the details of Davis’s settlement, as well as the settlements with ex-finance director Francis Canellas, who has agreed to pay $43,178 in disgorgement and interest; and former Dewey controller Thomas Mullikin, who has agreed to pay $8,635.78 in disgorgement and interest costs.